Deepak Nitrite Ltd logo

Deepak Nitrite Ltd

DEEPAKNTR NSE

Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]

AI Verdict: HOLD Confidence: 5%

Deepak Nitrite trades at a PE of 41.1x despite declining profitability (TTM profit growth of -18%) and compressed ROE of 10% last year. While the company has a strong 10-year track record with 24% profit CAGR and 35% stock CAGR over a decade, near-term fundamentals have deteriorated significantly, warranting a wait-and-watch approach.

Key Fundamentals

SmallcapSpecialty ChemicalsChemicals
Market Cap
₹22,269 Cr
Volatility
Moderate
P/E Ratio
40.2
EBITDA
₹968 Cr
Return on Equity
16.81%
Debt to Equity
0.15
Book Value
₹427.94
EPS
₹59.06
52W High
₹2,012
52W Low
₹1,280

Technical Indicators

Key Insights

Weaknesses

2
  • Company has a low return on equity of 13.0% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
-5.72% ↘
Net Income Growth
-18.79% ↘
Cash Flow Change
-28.53% ↘
ROE
-23.50% ↘
ROCE
-31.19% ↘
EBITDA Margin (Avg.)
-13.31% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

Deepak Nitrite trades at a PE of 41.1x despite declining profitability (TTM profit growth of -18%) and compressed ROE of 10% last year. While the company has a strong 10-year track record with 24% profit CAGR and 35% stock CAGR over a decade, near-term fundamentals have deteriorated significantly, warranting a wait-and-watch approach.

Bull Case 8
  • Strong long-term wealth creation with 10-year stock CAGR of 35%, demonstrating sustained compounding ability
  • Impressive 10-year compounded sales growth of 19% indicates a scalable business model with consistent demand
  • 10-year compounded profit growth of 24% shows the company can deliver superior earnings over full cycles
  • 10-year average ROE of 20% reflects historically efficient capital allocation
  • Market cap of Rs 22,544 Cr provides adequate liquidity and institutional participation
  • 44.44% of analysts (8 out of 18) rate it a Buy, indicating meaningful Street support
  • Price-to-book of 3.88x is reasonable for a specialty chemicals company with proven scale-up capability
  • 5-year compounded sales growth of 13% shows the business continued to grow even through commodity cycles
Bear Case 8
  • TTM profit decline of -18% signals significant margin compression in the current environment
  • PE of 41.1x is expensive given that earnings are declining, not growing
  • Last year ROE collapsed to 10% from a 5-year average of 18%, indicating deteriorating return profile
  • 3-year compounded profit CAGR of -13% shows sustained earnings erosion, not a one-off
  • Stock has delivered -13% returns over 1 year, underperforming broader markets significantly
  • TTM sales growth of -5% indicates volume or pricing headwinds in core segments
  • 27.78% of analysts (5 out of 18) have a Sell rating, reflecting divided conviction
  • Company might be capitalizing interest costs, potentially flattering reported profitability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 1
  • Subsidiary issues ₹120Cr OCRPS May 30

    Deepak Chem Tech Limited issued 1,20,00,000 Optionally Convertible Redeemable Preference Shares worth ₹120 Crores to Deepak Phenolics Limited on May 30, 2026. This is an intra-group capital allocation move with no immediate P&L impact.

TL;DR: Limited news flow for Deepak Nitrite this period. The only development is an internal subsidiary-level OCRPS issuance of ₹120 Crores, which reflects routine intra-group funding rather than a material strategic shift. No identifiable headwinds or positive catalysts emerged. The outlook remains steady pending further operational or earnings updates.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,961
1,768
1,778
2,009
2,126
2,167
2,032
1,903
2,180
1,890
1,902
1,975
2,120
Expenses
1,613
1,559
1,476
1,705
1,825
1,858
1,734
1,735
1,863
1,700
1,698
1,764
1,744
Operating Profit
348
210
302
305
301
309
298
169
317
190
204
211
376
OPM %
18%
12%
17%
15%
14%
14%
15%
9%
15%
10%
11%
11%
18%
Other Income
13
32
17
14
99
19
21
21
23
25
20
-4
7
Interest
4
2
3
3
4
6
6
6
9
8
8
11
19
Depreciation
41
38
39
42
46
47
48
48
51
51
53
58
63
PBT
315
202
277
274
349
275
264
135
279
155
163
138
301
Tax %
26%
26%
26%
26%
27%
26%
26%
27%
27%
27%
27%
28%
27%
Net Profit
234
150
205
202
254
203
194
98
202
112
119
100
220
EPS in Rs
17.15
10.99
15.04
14.81
18.61
14.85
14.24
7.19
14.84
8.23
8.7
7.32
16.11
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,327
1,373
1,371
1,651
2,700
4,230
4,360
6,802
7,972
7,682
8,282
7,887
Expenses
1,187
1,204
1,231
1,447
2,278
3,194
3,108
5,196
6,680
6,555
7,187
6,906
Operating Profit
140
169
139
204
421
1,035
1,252
1,607
1,292
1,127
1,095
981
OPM %
11%
12%
10%
12%
16%
24%
29%
24%
16%
15%
13%
12%
Other Income
1
0
80
7
11
29
20
42
46
156
84
47
Interest
38
40
37
47
87
118
77
36
27
15
31
46
Depreciation
36
40
48
53
78
140
153
178
166
166
195
225
PBT
67
89
135
111
268
806
1,042
1,434
1,146
1,102
953
757
Tax %
21%
29%
28%
29%
35%
24%
26%
26%
26%
26%
27%
27%
Net Profit
53
63
96
79
174
611
776
1,067
852
811
697
551
EPS in Rs
5.06
5.39
7.37
5.79
12.73
44.8
56.88
78.2
62.47
59.45
51.12
40.36
Div. Payout %
20%
22%
16%
22%
16%
10%
10%
9%
12%
13%
15%
19%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
21
23
26
27
27
27
27
27
27
27
27
27
Reserves
325
450
689
895
1,044
1,545
2,319
3,311
4,063
4,769
5,361
5,810
Borrowings
545
529
724
987
1,187
1,107
590
315
73
286
1,267
1,638
Other Liabilities
235
295
350
684
677
538
630
779
967
1,012
1,053
1,206
Total Liabilities
1,125
1,296
1,789
2,592
2,935
3,217
3,567
4,432
5,129
6,095
7,708
8,681
Fixed Assets
549
594
586
588
1,716
1,832
1,864
1,963
1,942
2,293
2,457
3,270
CWIP
44
36
349
955
34
172
220
122
301
774
1,649
1,828
Investments
3
87
118
32
2
2
189
439
379
122
511
213
Other Assets
530
580
736
1,018
1,183
1,210
1,293
1,908
2,508
2,907
3,091
3,370
Total Assets
1,125
1,296
1,789
2,592
2,935
3,217
3,567
4,432
5,129
6,095
7,708
8,681
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
108
167
49
183
60
765
1,002
824
650
874
625
539
Investing
-89
-169
-353
-525
-163
-428
-396
-424
-276
-717
-1,489
-669
Financing
-22
4
305
345
96
-338
-599
-386
-359
44
806
193
Net Cash Flow
-3
2
1
4
-6
-1
7
14
15
200
-59
64
Free Cash Flow
18
81
-192
-438
-194
349
788
638
290
110
-494
-658
CFO/OP
87
110
47
103
28
93
99
73
70
101
77
74
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
86
83
96
91
78
53
63
61
60
62
56
70
Inventory Days
47
54
75
118
94
63
64
53
62
54
59
57
Days Payable
48
59
95
176
106
57
72
46
46
38
33
35
Cash Conversion Cycle
85
79
76
32
66
59
56
67
76
77
82
91
Working Capital Days
-3
-28
-49
-29
35
33
57
57
70
70
64
70
ROCE %
—
14%
8%
10%
17%
38%
40%
44%
30%
22%
16%
11%

Shareholding Pattern

As of Mar 2026
Promoters 49.33%
DIIs 23.47%
Public 18.50%
FIIs 6.19%
Others 2.51%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
45.69%
45.69%
45.69%
45.69%
45.72%
45.72%
45.72%
45.72%
49.13%
49.13%
49.13%
49.13%
49.13%
49.24%
49.24%
49.24%
49.28%
49.28%
49.28%
49.33%
49.33%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.36%
0.00%
0.44%
1.00%
0.00%
6.48%
6.72%
6.86%
6.69%
6.59%
6.65%
6.68%
6.21%
6.05%
6.19%
DIIs
11.53%
10.29%
10.44%
10.70%
9.97%
10.63%
11.55%
13.76%
14.53%
15.62%
17.03%
18.87%
19.27%
21.21%
22.29%
23.22%
23.22%
22.62%
22.70%
23.20%
23.47%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
22.31%
24.55%
24.87%
26.69%
27.78%
26.89%
26.43%
24.60%
24.53%
23.56%
23.01%
22.12%
21.49%
19.61%
18.61%
17.93%
18.11%
18.84%
19.09%
18.83%
18.50%
Others
20.47%
19.47%
19.00%
16.91%
16.54%
16.77%
14.94%
15.92%
11.36%
10.69%
10.83%
3.40%
3.38%
3.09%
3.17%
3.01%
2.74%
2.58%
2.72%
2.59%
2.51%
No. of Shareholders
0
1,90,915
3,06,098
3,74,962
5,36,074
6,39,690
6,70,102
6,91,728
6,49,046
6,12,869
5,72,562
5,34,115
5,02,250
4,51,198
4,22,398
4,10,749
4,09,970
4,16,258
4,19,367
4,08,560
3,96,798

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - Nov 2017 Nov 2017
3
Concall - Jan 2018 Jan 2018
4
Concall - May 2018 May 2018
5
Concall - Aug 2018 Aug 2018

Frequently Asked Questions about Deepak Nitrite Ltd

What does Deepak Nitrite Ltd do?
Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]
Where is Deepak Nitrite Ltd (DEEPAKNTR) listed?
Deepak Nitrite Ltd is listed on the Indian stock exchanges. It is listed on NSE: DEEPAKNTR and BSE: 506401. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Deepak Nitrite Ltd belong to?
Deepak Nitrite Ltd operates in the Commodities sector within the Chemicals & Petrochemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Deepak Nitrite Ltd?
Deepak Nitrite Ltd has a market capitalisation of approximately ₹22268.89 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Deepak Nitrite Ltd?
The Price-to-Earnings (PE) ratio of Deepak Nitrite Ltd is 40.20. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Deepak Nitrite Ltd?
Over the past 52 weeks, Deepak Nitrite Ltd has traded between a low of ₹1,280 and a high of ₹2,012. This range helps investors understand the stock's price volatility and recent trading levels.
Does Deepak Nitrite Ltd pay dividends?
Yes, Deepak Nitrite Ltd has a dividend yield of 0.46%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Deepak Nitrite Ltd?
Deepak Nitrite Ltd has a Return on Equity (ROE) of 16.81%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Deepak Nitrite Ltd on Tapetide?
On Tapetide, you can view Deepak Nitrite Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]

Website godeepak.com
CEO Mr. Deepak Chimanlal Mehta B.Sc.
Employees 1,757
Listed 2010-09-29
Face Value ₹ 2
Issued Size 13,63,93,041

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